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2-bed · 780 sqftThe Nook 1, Jebel Ali First · 10th floor · completed 2022

1016, The Nook 1

Sold prices and rental history: sold once, by the developer in September 2023, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1016 · DLD and Ejari recordsUpdated 1 June 2026
Last soldAED 883K7 September 2023
Current rentAED 85K /yr1 June 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1016, The Nook 1

What is 1016 worth today?

Last sold for AED 882,777 in 2023

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1 Jun 2026RentedRenewal
AED 85,000/yr12 months · AED 109 per sqft
1 Jun 2025RentedNew contract
AED 85,000/yr12 months · AED 109 per sqft
1 Jun 2025RentedNew contract
AED 85,000/yr12 months · AED 109 per sqft
7 Sep 2023Sold by developerReady
AED 882,777AED 1,131 per sqft

Source: Dubai Land Department. Updated 1 June 2026.

Key facts

Type
2-bed apartment
Size
780 sqft
Floor
10th of 12
Parking
T1-P1-14
Developer
Wasl
Completed
2022
Last sold
AED 883K · September 2023
Building
The Nook 1

About 1016, The Nook 1

1016 is a two-bedroom apartment of 780 sqft on the 10th floor of The Nook 1, a 12-storey tower in Jebel Ali First completed in 2022 by Wasl. The developer sold it on 7 September 2023 for AED 882,777, or AED 1,131 per sqft, in line with the AED 1,132 two-beds in the building were fetching at the time.

It has been rented since 2025 on 3 Ejari contracts. The current contract, renewed on 1 June 2026, is AED 85,000 a year: a gross yield of 9.6% on the 2023 price.

Sales and rents for 1016 over time

Sales
Unit 1016, each saleTypical two-bed in The Nook 1
1M202220242026Typical sale price by year: 2022 AED 869,277; 2023 AED 873,277; 2024 AED 980,000; 2025 AED 1,055,000; 2026 AED 1,090,777Sold by developer, September 2023: AED 882,777 (AED 1,131 per sqft)

1016 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1016, each contractTypical two-bed in The Nook 1
60K80K202220242026Typical rent by year: 2022 AED 58,000; 2023 AED 61,000; 2024 AED 70,000; 2025 AED 75,000; 2026 AED 78,000New contract, June 2025: AED 85,000 a yearNew contract, June 2025: AED 85,000 a yearRenewal, June 2026: AED 85,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in The Nook 1, and where 1016 sits

All 182 2-beds →

1016 last sold in September 2023 at AED 1,131 per sqft, in line with what two-beds in The Nook 1 were fetching at the time (AED 1,132). Over the last 12 months two-beds sold for AED 827,822 to 1,250,000, around AED 1,400 per sqft, and rent for AED 55,890 to 114,000 a year. 1016's AED 85,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
22 Oct 20261,250,000
24 Sep 2026879,000
24 Jul 20261,125,000
19 Jun 20261,090,000
18 2-bed sales in the last 12 months

The Nook 1

Building

298 apartments, studios to 3-bed over 12 floors in Jebel Ali First, completed in 2022 by Wasl. 35 sold in the last 12 months.

Typical price per sqft
AED 1,478 Up 7.0%
Typical sale
AED 1.05M
Typical rent
AED 73K /yr
Typical yield
7.1%
The Nook 1, Jebel Ali First: prices, sales and rents →

Other units on the 10th floor

All 298 units in The Nook 1
Value
10013-bedAED 1.07M · Nov 2022
10021-bedAED 622K · Nov 2022
10032-bedAED 891K · Jan 2023
10041-bedAED 624K · Nov 2022
10051-bedAED 624K · Jan 2023
10062-bedAED 907K · Mar 2023
10071-bedAED 624K · Jan 2023
1–7 of 24

1016, The Nook 1 in numbers

  • Sold once: by Wasl on 7 September 2023 for AED 882,777, or AED 1,131 per sqft.
  • Rented since June 2025 on 3 Ejari contracts, at AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2023 price is 9.6%.
  • Two-beds in The Nook 1 sold for AED 827,822–1,250,000 in the 12 months to November 2026; the building's median across all types is AED 1,478 per sqft.

Source: Dubai Land Department. Updated 1 June 2026.

Questions about 1016, The Nook 1

What did unit 1016 last sell for?

AED 882,777 on 7 September 2023, sold by the developer: AED 1,131 per sqft for 780 sqft. It is the only registered sale of the unit.

What is the rent for unit 1016?

AED 85,000 a year on the contract renewed on 1 June 2026. The previous contract, from June 2025, was AED 85,000; the unit has been rented since June 2025.

How big is unit 1016?

780 sqft (72.5 sqm): a two-bedroom apartment on the 10th floor of a 12-storey tower completed in 2022.

What is unit 1016 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Nook 1 sold for AED 827,822 to 1,250,000 in the last 12 months, around AED 1,400 per sqft.

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Mortgage on 1016, The Nook 1

Starts from the last sale price (AED 883K, 7 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 882,777
Deposit, UAE resident (20%)
AED 176,555
Deposit, non-resident (40%)
AED 353,111
Monthly over 25 years at 3.7%
AED 3,612

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →